Page 68 - Sun Resources 2014 Annual Report

22 Parent Entity Information
The following details information related to the parent entity, Sun Resources NL at 30 June 2014. The information
presented here has been prepared using consistent accounting policies as presented in Note 1.
Consolidated
2014
$
2013
$
Current assets 1,554,554 980,519
Non-current assets 47,658,042 56,278,639
Total assets 49,212,596 57,259,158
Current liabilities 136,710 115,477
Total liabilities 136,710 115,477
Contributed equity 108,850,765 89,900,211
Accumulated losses (70,899,709) (43,881,360)
Share based payment reserve 11,124,830 11,124,830
Total equity 49,075,886 57,143,681
Loss for the year (27,018,349) (3,598,015)
Other comprehensive income/(loss) for the year - -
Total comprehensive loss for the year (27,018,349) (3,598,015)
23 Investment in Controlled Subsidiaries
Country of Incorporation
2014 2013
Sun Resources NL and its subsidiaries: Equity Holding
%
Equity Holding
%
Sun Resources NL (parent entity) a Australia
Sun Resources (Investments) Pty Ltd b Australia 100 100
Sun Resources (Thailand) Pty Ltd c Australia - 100
Sun Shale Ventures Inc d Texas, USA 100 -
Sun Delta Inc e Colorado, USA 100 100
Sun Beta LLC e Colorado, USA 100 100
Sun Woodbine Inc f Texas, USA 100 -
Sun Eagleford LLC g Texas, USA 100 -
Sun Operating LLC h Texas, USA 100 -
a The ultimate parent entity is Sun Resources NL.
b Sun Resources (Investments) Pty Ltd carries out general investment activities.
c Sun Resources (Thailand) Pty Ltd was deregistered in June 2014.
d Sun Shale Ventures Inc is the US parent entity.
e Sun Delta Inc and Sun Beta LLC carry out oil exploration and production in the USA.
f Sun Woodbine Inc holds rights to exploration leases.
g Sun Eagleford LLC holds rights to leases for the Badger Oil Project.
h Sun Operating LLC acts as Operator.
All of the above subsidiaries are economically dependent on Sun Resources NL.
NOTES TO AND FORMING PART OF THE CONSOLIDATED
FINANCIAL STATEMENTS
66 SUN RESOURCES ANNUAL REPORT 2014